All Blog Entries by Jay McDouall

Jay McDouall is a Residential Real Estate Agent with Century 21 Advantage, serving Central Alberta.

Found 62 blog entries published by Jay McDouall.

The average selling price for single family homes in Red Deer is $341,098, an improvement on the average three months ago in June, which was $336,170. While the median asking price for Alberta is $375,000, which means that Red Deer’s pricing is considerably better than the rest of the province if you're looking to buy. If you’re looking at investment properties in Red Deer, then you’re likely to find mostly higher priced homes on sale. If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Red Deer has a wide array compared to the rest of the province.

It’s always hard to tell what property prices will do over the coming months, but over the last three months, new properties

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By Daniel Bortz

Sometimes, the very best home improvement ideas come down to timing. And what better time for a refresh than the arrival of fall (Sept. 21, for those keeping track)? In addition to being a great season to go apple picking and admire the foliage, it's also the perfect time of year for making a number of home improvements. Here are some timely projects to tackle this fall.

1. Build a fire pit

Like the idea of being able to hang out and roast marshmallows in your backyard this winter? According to the American Society of Landscape Architects, fire pits are among the most popular outdoor design elements.You can even build one yourself.

You'll want to choose a flat, level spot in your yard that you can comfortably circle

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By Holly Amaya

We know, we know: Coming up with a design scheme from scratch in any room is difficult, let alone your primary living space. You might be tempted to pick out a sofa and a coffee table and call it a day. That's all you really need, right?

Nope! In order to design a truly inviting living room that's also at its most functional, you'll need to do a little extra thinking. Where will your guests sit? Where do the wires go? Where will your kids' 10,000 Lego blocks actually live when they're not scattered all over the floor?

We consulted with design experts across the country to suss out the top things people forget when creating a living room that's not only beautiful but also, well, livable. Take a look.

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August sales in Red Deer hit the highest single monthly total so far this year, while the number of active listings fell slightly compared to last month, bringing the market close to balance. Sales across central Alberta were also better in August, bringing year to date sales in line with the same period last year.

A good month & the improvement indicates that we may be turning the corner. There haven’t been any highly visible events that point to the change, but strong GDP growth in both the Canadian and Alberta economies suggest there is potential for continued recovery.  Unfortunately, a strong Canadian economy may cause another bump in the Bank of Canada rate which will trigger another jump in mortgage rates. Tougher mortgage qualifying

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As recently reported by the Canadian Real Estate Association (CREA) the number of homes sold across Canada via the MLS system fell by 6.2% in May 2017 compared to April 2017. The month over month percentage decline was the largest since August 2012. Toronto had the greatest decline at 25.3% while some markets such as Ottawa, Calgary and Edmonton saw increased sales in May 2017 compared to May 2016. This latest report indicates a more balanced and healthy housing market.

Interest rates are still very low but based on recent comments made by the Bank of Canada Governor Stephen Poloz, rates might not stay this low for much longer. “The interest rate cuts the Bank of Canada made in 2015 have largely done their job as the economy appears to be gathering

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As per the Canadian Real Estate Association’s (CREA) latest update, national home sales fell 1.7% from March to April and 7.5% compared to last year. Newly listed homes, however, were up 10% from March to April. This is good news if you are looking to purchase a home now with more home listings entering the market and hopefully less bidding wars which have contributed to rising prices.

The above chart shows all single family, residential SOLD listing statistics for Red Deer. Keep in mind this does not include listings that failed to sell & were either cancelled or expired. Accurate & strategic pricing is key to selling your home in today's market. There is no better time to buy in Red Deer then now! Click on the link below to contact us today &

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First Time Home Buyer's Information Session.

Choose the date & time that works best for you.

We have a total of four sessions:

  •         9:30 - 10:30am on Tues, April 11
  •         6:30 - 7:30pm on Tues, April 11
  •         9:30 - 10:30am on Tues, April 25
  •         6:30 - 7:30pm on Tues, April 25

These 1 hour information sessions will benefit those looking at purchasing their first home in Central Alberta. However, if you are repeat home buyer & it's been awhile since you've been in the buyer’s market, you too can benefit. There will be a 20-25 minute presentation followed by an open discussion.

If you wish to have one on one discussions with any of our advisors, you will be able to do so near the end of the event.

Scheduled to

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January 2017

Homes provide shelter and refuge, but they are also most Albertan homeowners’ single largest investment. Housing represents 47% of total assets for the average Alberta family – much higher than stock market investments and pension plans combined (29%). Why is this important? Because homeownership benefits the economy as a whole, as well as individual homeowners. Let’s look at this in the context of the most recent stats on Alberta’s real estate, reported by the Canadian Real Estate Association.

Investing in housing in Alberta is better than buying stocks

Over the last 18 years, house price appreciation in Alberta has outpaced Toronto stock market returns. Between 1999 and 2016, with average annual residential sales of roughly 57,000,

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Red Deer, Innisfail, Sylvan Lake, Blackfalds, Penhold & Lacombe - YEAR IN REVIEW

Alberta has endured a challenging year overall, and as you’ll notice each area in Central Alberta handled the changing market differently.  Below you will find some helpful real estate market information for Red Deer, Innisfail, Sylvan Lake, Blackfalds, Penhold and Lacombe.

While some of the annual data reflects the market in a negative manner.  It is important to note that some areas, such as Red Deer, started experiencing turnaround/recovery trends in the final quarter of 2016.

If you have any questions about how the market may influence your home, your real estate plans, or other market areas, please feel free to contact me.

Thinking of a move this year?  I

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I hope the New Year is off to a great start!

Did you know you can claim $5,000 for the purchase of a qualifying home in 2016? This is true if both of the following apply:

  • You or your spouse or common-law partner acquired a qualifying home; and
  • You did not live in another home owned by you or your spouse or common-law partner in the year of acquisition or in any of the four preceding years (first-time home buyer).

If this applies to you, be sure to include this amount when you file your taxes. For more information, please visit the following link:

http://www.cra-arc.gc.ca/hbtc/

Have a great day!

If you'd like to browse homes for sale in the Red Deer & surrounding area click here.

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